The financial crunch is hitting the private sector hard, and unlike the public sector, it does not hide facts. Ride-hailing app uber shuts down in major cities its app in Karachi, Multan, Faisalabad, Peshawar, and Islamabad. Uber said that it would communicate with its riders and partners in the five cities on how to use and smoothly transition to Careem. Uber completed its acquisition of rival Careem in 2020 for $3.1 billion. It was said at the time that Careem and Uber would continue to offer their respective regional services and continue operations as independent brands.
With the finalization of the deal, Uber shuts down in major cities and had acquired Careem’s mobility, delivery, and payments businesses across the greater Middle East region and it would continue serving customers in 10 operational cities across Pakistan. Careem will continue to serve customers in Karachi, Lahore, Islamabad, Multan, Faisalabad, and Peshawar, confidently, in addition to 5 other cities where we operate.
Careem has invested over $100 million, created over 800,000 income opportunities for Captains in Pakistan, and has over 9 million registered Customers on its Super App. It is reported however that this was a difficult time for its teams, which had worked incredibly hard to build this business over the past few years. The Weekender
